Fluid Lending · Ethereum

GHO

Overview

The Fluid Lending GHO pool on Ethereum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. The protocol generates yield by routing borrowing demand against pooled liquidity and paying suppliers from the resulting interest spread.

Total APY of 4.67% breaks down into base lending at 3.0% and an additional reward layer at 1.67%. Over the past week, the rate trended downward by 1.7%, with a decline over the last month of 1.31%, placing it below the 30-day mean APY of 5.89%.

TVL stands at $14M without a reported change in the past seven days. The primary risk is depeg risk on the underlying stablecoin, given that this is a single-asset pool. Utilisation rates for this lending position are within typical ranges for similar pools and protocols.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 6.62%; 30-day mean is 6.07%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 64% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.